601 Locust StLoganWV25601
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Logan at 601 Locust St, Logan, WV, 25601 priced at $119,000 converts $1,105/mo rent into $417/mo cash flow after a $582/mo obligation. Total monthly income equals $1,105/mo, and annual cash flow totals $5,003/yr on $39,449 invested. Return on cash invested prints 32.59% in year one, and rental yield reads 11.14% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 170.33% and total cumulative return in cash sums $67,193. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,105/mo property income covering a $582/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 25601, Logan, WV area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,974 (100%) |
| Owner Occupied HU | 2,449 (61.6%) |
| Renter Occupied HU | 975 (24.5%) |
| Vacant Housing Units | 550 (13.8%) |
| Median Home Value | $99,575 |
| Average Home Value | $116,586 |
Housing Distribution
Address Breakdown
Residential
2,581
Single Family
2,446
Multi-Family
135
Businesses
485
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Nearby investment properties with comparable prices
Listed by: Ashlee Burton • Boone Realty, LLC
Mls Name: KVBR
Mls Provider:
Mls ID: #276834
Disclaimer: Copyright Kanawha Valley Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.